The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
September 20, 1971
L.4.1
CONFIDENTIAL (FR)
'if
SURVEY OF MATURITY STRUCTURE OF
OUTSTANDING LARGE DENOMINATION CERTIFICATES
OF DEPOSIT AT LARGE WEEKLY REPORTING BANKS
AS OF
August 25, 1971
NOTE:
Sales since the previous survey and comparisons
with previous data reflect revisions in the July
report whereby $29.2 million in outstanding
negotiable CD's have been eliminated from the
series.
Banking Section
Division of Research and Statistics
Board of Governors of the Federal Reserve System
TABLF
I
1/
m a TI j P I T y D I ST p T RHT I ON OF HUTSTANOl NG NIFGOT T ABL F TIME C E R T I F I C A T E S OF D E P O S I T AT
WFFK1Y PE P O D T I N G RANKS
AS OF 2 5 AUG 1971
A^nuNT
(%ItLtON< OF
DOLLARS)
cn« S M A T U R I N G
r771
AUGUST
26-
31
CUMULATIVE
PERCENTAGE
PERCENTAGE
OISTR I BUT ION
I»6S9.3
SALES SINCE
P R E V I O U S M O N T H 2/
(MILLIONS OF D O L L A R S )
5.>
5.3
.0
SESTcvmro
% H U T
29.4
34.9
3*266.3
nCTHlFR
5,649^1
1>.T
52.9
I*459 • 9
Kinx/FMRFr?
4,317.3
13.7
66.5
2,120.5
HFCFMBEP
3,iro.6
<*.*
76.T
936.0
?,095.9_
6^6
97.9
44-f. 5
FFR^UAP Y
i ^r^4.6
3 .6
*6.5
481.6
wAPTIt
t ^i?s.a
1.6
90 . I
109.1
147? JANUARY
APRIL
761 .0
2.4^
9^2.5
61.7
WAY
4 25.1
1.3
93.*
106^.4
jirwE
453.4
1 .4
*5.2
31.1
JULY
40f.%
1 .3
96.5
9 1 »0
AUGUST
494.9
I .4
99.1
PVFR
5*3.3
rvs
100 .C
XXX
31,597.9
100 .0
xxx
9,943.9
1? M H N T H S
THTAI. .
c MFMPRArtau":
If
T1MC V U b r s nA.t V f r » T t F f C s r ES
?fi
SEE T F C ^ f If At
-»/
S A L E ^ n r r n»<; yat't'•* ING AFTCR
nF W N 4 T ! OT S "F'
APr>F^Jf>l* A •
' ~
I t MONTHS.
DIVIDEND M A T U R I T I E S *
XXX
X)CX
2.2
T.4
702.1
l,r7R.9
S E P T E M B E R to
S f O T F ^ A F ? 1>
Tax AND
no v n » F
k
5 4 9 . 6 3/
- ''
292.7
24 2.1
rSS.IFfr BY WF FKtV «r PiWTING. 9 M K S .
TABLE
2A
1 Z
'^TijRfTY PI S T 3 ! B U T f n \) OF OUTST A MO ING M F Q l T i A8LF TIMF C E R T I F I C A T E S OF n r p n s IT AT
M
F W YOD!< C I T Y , C H I C A G O , AMD ALL PTHE P W E E K L Y P F P O O T I N G BANK S
\S np 95
AUG
1^71
( IN " I L L I ° M S OF O n L L A P S )
NE W .YORK C I T Y
GO'S
MATIJP TNG
A M 1 !JNT
IN
CHICAGO
SALTS S I N C E
P P E V I H U S .MHMTH 2/
AMOUNT
ALL
SALES
PREVIOUS
SINCE
M O N T H 2/
OTHER
WEEKLY REPORTING
AMOUNT
SALES
PREVIOUS
--
1971
AUG
2 6 - AUG
55S.&
31
S FRTF M R R 3
1 ,515.2
OCTOBER
? ,-64.?
NOV E R E R
1,724.9
OECFMRFR
!
M
1972
.0
SINCE
M O N T H 2/
-
^
999.7
.0
1,818.9
719.9
?Q9.0
5,099.7
597.4
422 .2
5 5.4
3,180.6
1 ,1 2 0 . 1
217.9
144.9
2 292.4
1,053.3
634.1
170.1
4,3 . 9
1,538.3
255 .8
1 t1 40. 5
,
551.1
156.0
203 .4
27.1
It 139.1
FEBRUARY
320.7
64.9
116.3
47.2
694.1
366.0
MARCH
475.7
25. 7
130.6
10.1
518.7
72.3
453.5
41.5
.
2 56.3
APRIL
245.5
19.3
61 .9
.Q
MAY
105.4
52.9
29.5
19.0
290.2
*5.5
JUNE
99 . I
9.2
24.6
5.6
129.7
15 .6
JULY
61.7
33L.3
21.9
I .0
117.2
46.6
AUGUST
223.9
AVER
115.?
XXX
8.7
XXX
45 9.8
XXX
I 1,455.9
4, 142.2
2,372.9
691.0
17,719.3
5*000.9
12 M P N T H ^
NUMBER
OF
*
REPORTING
BANKS
2 S B . 4 /I
12
SFPTFVJPE
SEPTEMBER
117.n
514.9
10
15
1 / TNCt U D F S O N L Y
7/ SEE
TECHNICAL
S AI ES
OF C D ' S
* THT/VL S W AV N O T
T I F IC ATr <;
27.2 /3
219.1
1 I
( MEMORANDUM %
0
27.6
TAX
104.1
69. I
f)P'jnv [ \< \ t t n\j OF
AND
$ 1 0 C , O P Q PR
MPRF
ISSUED
234.0 /3
233
DIVIDEND
- 101.0
76.2
1
805.0
JANUARY
THTAT
3/
.
113.1
n
BANKS
MATURITIES)
71 .*
43.8
BY W F F K L Y R E P O R T I N G
294.0
487.8
106.7
129.1
BANKS.
,
A P o F N l l x *A .
MATURING
Ann
AFT--
II M O N T H S .
oire TO ^fTUNOFNG.
V'
T/vplP ?R
C n T t API F TJ^F
I O'JTJ °0 n r nt |TST&N0f *-*0
•' 'J: |? T T Y PI STv
*»C-
YiWK
AM-; 1^71
ACT
VOPK
M -w
r-l'S
4 TURING
r-.!
Aur;
PFP°DTIMG
RANKS
1
niSTlfPU r f nr-j )
ALL
CHITACr1
75
?Q JUL
1/
f>FpOS T T AT
29 J II. 10 71
ANO
r%TY
ton
?Q
75
JUL
AUG
OTHCR
29 JUL
2. A
4.y
S. a
2.4
5.6
A'rMTHS ?/
30.7
32.7
30.^
29.1
79.7
?o.i
,4-T'iTHS
18.0
17.9
19.7
17.0
10.0
12.6
14.4
5.6
7.7
A.9
'4 . 7
7.2
4. 4
7 »n
Q, A
^ .6
7. ^
7.4
'"f, ^O^ITHS
2.*
* »7
4» °
7 .0
1.0
6.3
7 7 XV1MTMS
4. ?
2.4
s.s
1. 1
'> .<3
1 ,o
V^\ITHS
1
4.7
7»A
^.4
;. 6
?. '
1.°
7.7
1 .6
7
.S
1.9
1.5
.0
.9
1 . R
1 .8
1.1
.0
1 . 1
1.6
.5
.4
.4
2.6
7.7
loo .n
ir.O.0
too.o
ir.n.0
i
->
<
4,9
13.6
NINTHS
12.1
n-\;THS
\i^MTHS
o
11
v. n v*
THS
MO^THC
.0
.5
un^THS
•5
.4
1 ° MHNTHS
TOTAL
1.0
llO.n
^
TvrtmFS
™A\'KS .
INLY CFRTIFtCATcS
y , Kj i j M n c c, n r
?/ MMMRL-u nr
* rnr At S
p t Y
THF
ntl
M
AY
1
7.0
n\ /F -•? 1? m h N t H S
1/
PTHF& k C E K L V
rjTY , C H I C A G O , A'in tH
As OF
C F O T I F TCATF^ nr
S
MOT
IN S U R V E Y »0*JT H . T H I S
LAST
MONTHS
IN 0 F N O M T N A T T O N S OF'
WFQNFSHAY
n c
FHL Ln W T MG THF
A00 0 U C
THF
MONTH.
SU p V F Y
Tn P Pijmd IMG »•
vnM
TH.
n.p
I no . n
0°
MQQF
°£p TOO V W H E S
.4
f-SSUEO RY WEFKl.Y R E P O R T I N G
W T TH THE N U M S E 9 0= 0 4 Y S
TAB! E
?C.
MA TIP I TY DISTR IPUTION OF OUTST ANT!K!G N F O O T I ABI c
NjFW Y O O K C I T Y , C H I C A G O , AND Al.L OTHER
AS OF 25 AUG
1071
(CUMULATIVE
AND
MAT UK INC, IN
28 JUL
25 AUG
1971
DISTRIBUTION!)
ALL OTHER
CHICAGO
25 AUG
28 JUL
25 AUG
28 JUL
4.9
4.8
5.8
2.4
5.6
2.8
35.6
37.5
36.1
30.7
34.3
31.9
02 N I N T H S
53.6
59.5
53.9
49 .4
52.2
50.9
03 M O N T H S
68.7
73.1
66.5
65.8
65.1
64.7
04 M O N T H S
80.8
78.7
73.7
72.6
73.8
71.9
05 M O N T H S
85.6
85.7
82.3
78.2
81.3
79.3
C 6 MONTHS
88.4
89.4
87.2
36.1
85.2
85.6
07 MONTHS
92.6
91.8
92.7
89.2
88.1
87.5
OP M O N T H S
94.7
96.C
95.3
94.6
90.7
90.1
09 M P M T H S
95.6
98.1
96.5
Q7.3
92.3
92.5
10 M O N T H S
96.5
98.6
97.5
97.8
94.2
94.0
1 1 MONTHS
97.0
99.4
98.4
98.6
96.0
95.8
1? M O N T H S
99.0
99.7
99.6
99.5
97.3
97.4
100.0
100.0
10C.0
100.0
100.0
100.0
0 - 6 HAYS 2/
01 ^ n N T H S
HVFR
\i
W C F K L Y REPORTI NO BANKS
JUL
NEW YORK CITY
CD'S
1/
T IMF C E R T I F I C A T E S OF O F P O S I T AT
3/
12 M O N T H S
INCLUDES O N L Y C E R T I F I C A T E S
IN D E N O M I N A T I O N S OF
$100,000 OR MORE
ISSUED BY WEEKLY R E P O R T I N G
RANKS.
2/ NUMBER PF
FOLLOWING
DAYS R E G A I N I N G IN SURVEY M O N T H . THIS PERIOD V A R I E S WITH THE
THE L A S T W E D N E S D A Y OF THE M O N T H .
3/ N U M B E R
MONTHS FOLLOWING
OF
THE
SURVEY
MONTH.
,
NUMBER OF D A Y S
TABLE
M A T U R I T Y 1ISTPI BUT I ON OF O U T S T A N D I N G NEGOTIABLE TIMF C E R T I F I C A T E S OF D E P O S I T 1/
AT WEEKLY R E P O R T I N G BANKS BY SIZE OF BANKS 2/
AS OF 2 5 AUG 1971
(AMOUNTS IN MILLIONS OF D O L L A R S )
3A
$1 BILL ION AND OVER
MILLION
TO
tl B I L L I O N
$200 M R L I Q N
Tn
$>500 MILLION
1,685.2
128.5
22C.2
?90.5
341.6
589.2
1,168,3
1,513.7
OCTOBER
5,669.C
316.5
774.3
367.5
NOVEMBER
4,317.2
226.4
539.5
DECEMBER
>rICO.6
136.0
2,095.9
FEBRUARY
TOTAL
r
3/
OUTSIDE
NEW YORK
CITY
NON-PRIME
o
>
o
CD'S MATURING
PRIME
%50C
t?C0
<*TLLION
AND UNDER
533.8
6,070.4
3,344.1
1,580.2
1 ,146.1
3,710.7
1,901.3
1,087.7
721.7
642.7
2,908.6
1,658.9
772.1
477.6
350.4
417.3
2,196.9
1,311.6
493.6
391.7
124. 1
304.3
331.1
1,336.4
519.3
493.a
323.3
1,134.5
81.8
124.0
215.9
7 1 2. 8
279.2
206.9
226.7
1,124.9
51.2
89.4
126.3
858.0
447.6
261.2
149.2
MARCH
760.8
38.2
85.7
94.B
542.1
187.7
196.3
158.1
APRIL
425^1
30.4
6t.7
74.5
259.5
103.2
83.5
71.8
MAY
453.4
42.7
6 7.3
65.8
277.6
95.7
89.9
92.0
JUNE
400.8
34.5
67^2
95l^9
20 3^2
59.6
65.4
78.2
JULr
494. 7
21.5
43.7
41.5
38&.0
228.2
66.5
93.3
AUGUST
SEPTEMBER
OR LATER
583.4
38.6
47.9
135.3
361.6
114.1
172.8
74.7
31,587.1
1,859.6
3,*43.9
4,912.8
20,870.8
10,784.3
5,881.2
4,205.3
19 7! A U G
26-31
SEPTEMBER
1972 J A N U A R Y
TOTAL *
TAX
AND
DIV LDFND
TOTAL
NEW YQPK
CITY
MATURITIES)
10
70 2.1
42.9
60.2
77.0
522.0
30 6.8
164.1
51.1
SEPTEMBER
15
1,07%.8
31.4
70.7
143.9
832.8
487.4
195.2
150.2
SEPTEMBER
37
7
12
18
mii
N U Myn
L i rcn
R OOC
r
dDAAM
N N1/
o C
) t —86
*
T O T A L S HAY NOT AOO OUF
Digitized for*FRASER
83
50
AND
T "I R O U N D I N G .
WHICH ARE
TAILF
3B
SALTS
/!/ OF N E G O T I A B L E TIME C E R T I F I C A T E S OF D E P O S I T SINCE PREVIOUS MONTH
AT W F F K L Y REPORT IMG HANKS BY SIZE np ^ANKS 3/
AS nF 25 AUG 1971
( A M O U N T S IN MILLIONS OF D O L L A R S )
2/
$1 B I L L I O N
CD'S MATURING
1971 AUG
IN
TOTAL
$200
MILLION
AND UNDER
$200 MILLION
TO
$500 MILLION
$500 MILLION
TO
tl B I L L I O N
AND OVER
PRIME
TATAL
4/
OUTSIDE
NEW YORK
CITY
NON-PRIME
NEW YORK
CITY
26-31
SEPTEMBER
3,266.2
204.4
398.4
509.0
2.154.4
1,064.7
640.3
449.4
OCTOBER
1,459.9
78.0
192.8
249.0
941.1
508.2
203.8
229.1
NOV EMBER
2,320.5
99. 7
237.4
305.9
1.677.5
1,081.2
368.3
228.0
DECEMBER
936.1
22.1
66.9
I 14.5
732.6
609. 1
76.9
46.6
441.6
15.4
38.0
67.4
320. 3
148.7
112.3
59.8
FEBRUARY
481.6
37.3
70.8
97.2
276.3
62.4
86.2
127.7
MARCH
109.0
8.4
17.1
9.0
73.5
24.9
11.9
36.7
APRIL
61.7
4.8
9.0
8.1
39.9
16.8
10.2
12.8
106.3
2.9
9.1
11.7
82.6
52.8
19.9
9.9
JUNE
31.4
5.9
2.3
3.7
19.5
9.2
7.1
3.2
JULY
81.0
4.2
6.8
10.3
59.7
33.3
6.7
19.7
549.7
26.2
47.0
43.2
433.3
287.9
62.6
82.8
9,944.0
509.3
1,095.6
1,428.0
6,811.1
3,899.2
1,606.2
1,305.7
1972 J A N U A R Y
MAY
AUGUST
OR L A T E R
TOTAL *
(MEMORANDUM:
TAX
AND DIVIDEND
MATURITIES)
SEPTEMBER
10
282.8
15.6
20.4
32.9
213.9
103.6
96.6
13.7
SEPTEMBER
15
242.1
9.7
30.2
29.2
173.0
68.0
6 7 .6
37.4
12
18
NUMBER OF
(MEMORANDUM:
256
86
83
BANKS)
50
37
1/ SEF T E C H N I C A L A P P E N D I X A.
2/ INCLUDES C E R T I F I C A T E S I IN D E N O M I N A T I O N S OF $ 1 0 0 , 0 0 0 CR MORE ISSUED BY W E E K L Y R E P O R T I N G BANKS.
3/ TOTAL D E P O S I T S AS R E P O R T E D IN THE CALL REPORT OF C O N D I T I O N ON DECEMBER 31, 1965.
4/ P R I M E BANKS ARE T H O S E WHOSE N E G O T I A B L E C E R T I F I C A T E S HE D E P O S I T ARE R E G A R D E D AS BEING OF THE H I G H E S T Q U A L I T Y AND WHICH ARE
R E P O R T E D BY D E A L E R S TO T R A D E WITHIN 1 OR 2 B A S I S P O I N T S OF EACH OTHER W I T H I N THE SE ONDARY M A R K E T .
Digitized for *FRASER
T O T A L S MAY N O T ADD DUE TO R O U N D I N G .
r
'i r
, !- ! TY
;^Tr<;n ,T;
^
^'iTSTANir!-;
- 11%!- r r w T I K I C A T E S 0«= D E P O S I T
,.r-KLY K ^ P ^ R T I N G ! ^ N K S '^Y SIZ^ "'P HANKS ?/
AS "IF 25 AUG 19?!
UFDCE"'\!TAGC ,= I ST % I HUT I ON
1/
!1 B I L L I O N
CD'S
1971
V A T URIM 0
AUG
IN
;TAL
$20~
•n LLI ON
A M I UNDER
$;o:
MILL I'IN
To
11 R I L L T J N
PRT^E
$530
111 I'jM
TO
$500 M I L L I O N
6.9
26-31
M
AND
TOTAL
INFW YD °K
CITY
OVF R
3/
OUTSIDE
N E W YORK
CITY
NON-PRIME
5.6
5.9
5.0
4.9
5. 3
4.8
SFPTEMRPR
2^.6
31 . 7
29.6
30.8
29.1
31.0
26.9
27. 3
OCTOBER
1 7.o
17.0
19.6
17.7
17.8
17.6
18.5
17.2
NOVEMBER
13.7
12.2
13.7
13.1
13.9
15.4
13.1
11.4
9. A
7.3
8.9
8.5
10.5
12.2
8.4
9.3
6.6
6.7
7.7
6. 7
6.4
4.8
8.4
7.7
FEBRUARY
3.6
4.4
3.1
4.4
3.4
2.6
3.5
5.4
MARCH
3.6
2.8
2.3
2.6
4. 1
4.2
4.4
3.5
APR IL
?.&
2.1
2.2
1 .9
2.6
1. 7
3.3
3.8
MAY
1 . 3
1 .6
1.6
1.5
1.2
1.0
1.4
1.7
JUNE
1 .4
2.3
1.7
1 .3
1 .3
0.9
1.5
2.2
JULY
1 . 3
1.9
1.7
2.0
I .0
0.6
1 . I
1.9
AUGUST
1 .6
1.?
I . 1
0.9
1.9
?. 1
I. 1
2.2
SEPTEMBER
OR L A T E R
1.8
2.1
1.2
2.3
1 .7
1. 1
2.9
1.8
icr.c
100.0
1C0.0
1:0.0
100.0
100.0
DECEMBER
1972 J A N U A R Y
TOTAL
*
(MEMORANDUM:
TAX
AND
DIVIDEND
100.0
100.0
MATURITIES)
SEPTEMBER
10
2.2
2.3
1.5
1.6
2.5
2.8
2.8
1.2
SEPTEMBER
15
3.4
1.7
1.8
2.Q
4.0
4.5
3.3
3.6
1/ I N C L U D E S C E R T I F I C A T E S IN D E N O M I N A T I O N S OF $ 1 0 0 * 0 0 3 OR MORE I S S U E D BY W E F K L Y R E P O R T I N G B A N K S .
?/ T O T A L D E P O S I T S AS R E P O R T E D IN THE CALL R E P O R T OF CONDI Tin*) ON D E C E M B E R 31, 1 965 .
3/ P R I M E R A N K S A R E T H O S E WHOSE N C G Q T I A * L E C E R T I F I C A T E S OF D E P O S I T ARE R E G A R D E D AS B E I N G OF THE H I G H E S T
R E P O R T E D BY D E A L E R S TO TRADE W I T H I N 1 OR 2 B A S I S POINTS OF EACH OTHER W I T H I N THE S E C O N D A R Y M A R K E T .
*
T O T A L S M A Y N O T ADC DUE TO R O U N D I N G .
Q U A L I T Y AND
WHICH
ARE
T AALF
3N
'\F"RITY
- I S T R I L 'L T \ O N
QF
A T
OUTSTANDING
W F F K L
y
N R G 0 TI A B L E
R E P O R T I N G
AS
OF
?5
CiJM'Jl A T I V F
T
r J Y
B A N K S
AUG
IV1F
S
C F R T [F I C A T F S
I 7 F
O F
B A N K S
OF
DEPOSIT
19 71
P E R C E \T A G F
f 1
f?00
CD'S
MATURING
IV
TITAI.
"ILL I ON
AND UNDER
$500
"IT L I O N
TO
MRLION
1/
2 /
*50:
11
"ILL I ON
T0
BILLION
B I L L
1 0 N
A N O
DRIM[
TOTAL
NEW YORK
CITY
1971
1972
AUG
26-31
3/
OUTSIDE
NFW YORK
CITY
NON-PRIME
6.9
5.6
S.C
5.0
4.9
5.3
4.8
SEPTEMP.ro
34.9
39.6
35.2
36.7
34. 1
35.9
32.2
32. I
OCTOBER
52.8
55.6
54.8
54.4
51.9
53.5
50.7
49. 3
NOVEMBER
66. 5
6 7.8
69.5
67.5
65. 8
68.9
63.8
60. 7
DECEMBER
76. 3
75.1
77.4
76.0
76.3
81. 1
72.2
70.0
JANUARY
92.9
81.8
85.1
82. 7
82.7
85.9
80.6
77.7
FEBRUARY
86.5
86.2
89.2
8 7.1
96. 1
98.5
94.1
83. 1
MARCH
90.1
99.0
90.5
89.7
90.2
92.7
88.5
86.6
APRIL
92.5
91. 1
92.7
91.6
97.8
94.4
91.8
90.4
MAY
9 3 .8
92.7
94.3
93.1
94.0
95.4
93.2
92. 1
JUNE
95.2
95.C
96.0
04.4
95.3
06. 3
94.7
94.3
JULY
°6 • 5
96.9
97.7
96.4
96.3
96.9
95.8
96.2
AUGUST
9 R. 1
99.1
98. 9
97.2
98.2
99. 0
96.9
98.4
100.0
100.0
100.0
10C.0
100.0
100. 0
100.0
SEPTEMBER
OR L A T E R
1/
2/
3/
5. 4
O V E R
10C.0
I N C L U D E S C E R T I F I C A T E S IN D E N O M I N A T I O N S O F * 1 0 0 , S C O OR M O R E I S S U E D BY W E E K L Y R E P O R T I N G B A N K S .
T O T A L D E P O S I T S AS R E P O R T E D IN T H E C A L L R E P O R T OF C O N D I T I O N O N O E C E ^ B E 0
11, 1965.
P R I M E B A N K S ARE T H N S F W H O S E N E G O T I A B L E C E R T I F I C A T E S OF D E P O S I T ARE R E G A R D E D AS B E I N G OF THE H I G H E S T
R E P O R T E D BY D E A L E R S T O T R A D E W I T H I N 1 O R 2 B A S I S P O I N T S O F E A C H O T H E P W I T H I N T H E S E C O N D A R Y M A P K F T .
QUALITY
AND
WHICH
ARE
TA8LF
3E
SALES
/iz or
N E G O T I A B L E T I M E C E R T I F I C A T E S OF D E P O S I T S I N C E P R E V I O U S
AT W E E K L Y R E P O R T I N G B A N K S BY S I Z E OF B A N K S 3/
A S O F ? 5 A U G 1971
PERCENTAGE DISTRIBUTION
MONTH
2/
$1 B I L L I O N
CD'S
>971
1972
MATURING
AUG
IN
TOTAL
$700
•MILLION
AND UNDER
$200
MILLION
TO
MILLION
$500
AND OVER
PRIME
$500
MILLION
TO
SI B I L L I O N
4/
N O N - P R I ME
NEW YORK
CITY
OUTSIDE
MEW YORK
CITY
27.3
39.9
34.4
TOTAL
26-31
SEPTEMBER
33.?
40.1
36.4
35.6
OCTOBER
14.8
15.?
17.6
17.4
L>.FR
13.0
1Z.7
17.5
NOVEMBER
2 3 .6
19.6
21.7
21.4
24.6
27*7
2?>9
V7*5
DECEMBER
9.5
4R.L
8*0
I OVA
15.6
JANUARY
4*5
3.0
3.5
4.7
4.7
3.9
7.0
M
FEBRUARY
4»9
7*>
6.5
6.8
4^T
1.6
5.4
*,8
MARCH
1. I
1.6
1.6
0.6
1.1
0.6
0.7
2.8
APRIL
0.6
0.9
o.a
o.6
0.6
0.4
0.6
1.0
MAY
1.1
0.6
0^8
0.9
1.2
1.4
1.2
0.8
JUNE
o. 3
1.2
0.2
0.3
0.3
0.2
0.4
0. 2
JULY
0.^
o.a
0.6
C.7
0.9
0.9
0.4
1.5
5.6
5.1
4.3
3.0
6.4
7.4
3.9
6.3
00.0
100.0
100.0
100.0
100.0
100.0
100.0
AUGUST
OR LATER
TOTAL
*
100.0
1
(MEMORANDUM :
TAX
AND
DIVIDEND
MATURITIES)
SEPTEMBER
10
2.1
3.1
1.9
2.3
3.1
2.7
6.0
1.0
SEPTEMBER
15
2. 5
1 .9
2.8
2.0
2.5
1.7
4.2
2.9
A RIHI ii
iiu*i •
i NyCr MNN
\
IURS MVT/U
256
86
83
MI IMQTDVJ 'fl
D XAM» M^ #
50
37
SEE T E C H N I C A L A P P E N D I X A.
I N C L U D E S C E R T I F I C A T E S IN IE NOMI NAT I HNS OF $ 1 0 0,000 CR M O R E I S S U E D BY W E E K L Y R E P O R T I N G B A N K S •
C
C O N D I T I O N ON D E C E M B E R 31, 1 9 6 5 .
T O T A L O F P H S I T S AS REPORTED IN T H E C A L L R E P O R T O
W
H
O
S
E
N
E
G
O
T
I
A
B
L
E
C
E
R
T
I
F
I
C
A
T E S OF D E P O S I T A R E R E G A R D E D A S B E I N G O F T H E H I G H E S T
P R I M E B A N K S ARE T H O S F
R E P O R T E D BY D E A L E R S TO T R A D E W I T H I N 1 OR 2 B A S I S P O I N T S OF E A C H OTHER W I T H I N THE S E C O N D A R Y M A R K E T .
*
T O T A L S M A Y N O T ADC HUE T O R O U N D I N G .
1/
7f
3/
4/
7
QUALITY
18
12
AND
WHICH
ARE
TABLE 44
AVERAGE MATURITY
OF
OUTSTANDING NEGOTIABLE T M E
CERTIFICATES OF DEPOSIT
1/
AT WEEKLY REPORTING RANKS
AT VARIOUS SURVEY DATES
(IN MONTHS)
DATE OF SURVEY
BANK CLASSIFICATION
25 AUG
28 JUL
1971
1971
3C' JUN
1971
(BY L O C A T I O N )
ALL REPORTING BANKS
3.0
2.9
3.1
NEW- YORK C t TV
f.8
2.5
2.A
CHICAGO
2.?
3.a
3^2
OTHER
3.4
3 +Z
3.2
ISSUING CD'S
f BY S H E
UNDER
S.?Qn
MILLION
S2CC-S500 MILLION
•
$50 G- $ 1 • r 0'; MILL I ON
OVER
PRIMP
IN NEW YORK CITY 3/
OR IMF OUTSIDE NEW
YORK CITY 3/
NON-PRIMF
1/
INCLUDES C E R T I F I C A T E S
7/
TOTAL DEPOSITS AS REPORTED
"
s i ; ; s r
t
^
r
s
3.0
3.0
3.1
Z .9
2.9
2.8
3.1
3.2
3.0
2.9
3.1
2.%
2.5
2.7
3.2
3.2
3.4
3.4
3.4
3.4
3.0
TI RILL I ON
IN D E N O M I N A T I O N S OF
$100,000 OR MOPE
ISSUED BY WEEKLY REPORTING BANKS.
IN THE CALL REPORT OF C O N D I T I O N ON DECE M BER
s s i . r r i i K
OF BANK V 2/
31, 1965.
TABLE 44
AVERAGE MATURITY
OF
NEGOTIABLE TI^E CERTIFICATES OF DEPOSIT
1/
SOLO RY WEEKLY REPORTING BANKS
DURING THE
M
0 N T H OF VARIOUS
SURVEYS
{IN MONTHS)
DATF OF SURVEY
BANK
CLASSIFICATION
25 AUG
1971
28 JUL
1971
30 JUN
1971
(BY L O C A T I O N )
ALL REPORTING BANKS
2.9
2.4
2.2
NEW YORK CITY
3. 1
2.0
1.7
CHICAGO
2.7
2.5
?.0
OTHER
2.9
2.7
2.5
ISSUING CD'S
(BY SIZE nF BANK) 2/
2.8
2.7
2.7
$2C0-&50^ MILLION
2.7
2.9
2.5
$%00-Sl,000 wiLLI^N
2.4
2.6
2.4
OVEK
3.1
2.3
2.0
T.2
2.0
1.7
PRIMF OUTSIDE NEW YORK CITY 3/
2.7
2.4
2.3
NON-PRIMF
3.2
2.9
2.6
UNDER
$200 MILLION
$1 8TLLIHN
p%I%E
1/
INCLUDES C E R T I F I C A T E S
2/
TOTAL DEPOSITS
"
IN NEW YORK CITY 3/
IN DENOMINATIONS OF
AS REPORTED
: r ? , K i , ? r 4
N O T E — S E E TECHNICAL
APPENDIX
B.
00,000 OR MOR E ISSUED BY WEEKLY REPORTING BANKS.
IN THE CALL REPORT OF CONDITION ON DECEMBER
31, 1965.
TABLE 5 A
O A T I ^ HF
OUTSTANDING
NFGOTIABLF
TIME C E R T I F I C A T E S
TO T O T A L
AT V A R I O U S
(PES
ALL
T^TAL D E P O S I T S 2/
M I L L I O N S HP n n L L A R S )
BANKS
CD'S
25 AUG
ISSUING
I/
DEPOSITS
SURVEY DATFS
CENT)
DATE
(IN
CF D E P O S I T
28
1971
OF
JUL
SURVEY
30 JUN
107 1
1971
12.4
11.2
1C.8
200
9.5
9.5
9.0
200 - 500
10.6
10.7
9.9
5 00 -
10.9
10.4
9.1
13.7
11.8
I!.?
18.2
17.3
14.7
9.5
9.4
3,9
13.5
8.0
11.5
UNDER
OVER
1CG0
ICOC
PRIME
IN NEW
YORK
PRf^F
OUTSIDE
NEW
3/
YORK
3/
NnN99f*E
1 C L U 0 F S C E " TIFIOATES
REPORTED
IN THE
CALL
REPORT
MORE
OF C O N D I T I O N
ISSUED
ON
BY W E E K L Y
DECEMBER
31,
REPORTING
BANKS,
1965.
TOTAL
?/
PR I ME B A N K S A ° t T H O S E WHOSE N E G O T I A B L E C E R T I F I C A T E S OF D E P O S I T ARE R E G A R D E D AS B E I N G OF T H E H I G H E S T Q U A L I T Y
2 BASIS P O I N T S OF EACH OTHER W I T H I N T H E S E C O N D A R Y M A R K E T
W H I C H ARE R E P O R T E D BY D E A L E R S TO T R A D E W I T H I N I OR
AS
$ 1 0 0 , 000 OR
2/
NOTE -
DEPOSITS
1 N n F N^ M I NAT I H N nr
S
D E P O S I T S IN THE 0 E N n v I N A T n R OF THE R A T I O
I N T E R B A N K ANG U . S . G O V E R N M E N T D E P O S I T S .
IN THIS
TABLE ARE
TOTAL
D E M A N D AND T I ^ E
DEPOSITS,
INCLUDING
TABLE
RATIo
nr
OUTSTANDING
NEGOTIABLE
TIME C F R T I F I C A T F S
T0 T O T A L
AS
N
F
{IN
DEPOSITS
MILL IONS
ALL B A N K S
CD'S
nc
5%
OR
LESS
2/
DOLLARS)
ISSUING
5
TO
10?
OF D E P O S I T
1/
DEPOSITS
25 AUG
(NUMBER
TOTAl
58
OF
1971
BANKS)
15
TO
20%
10
Tn
15%
A V E R A G E CD
TO D E P O S I T
P A T I O (PER C E N T )
25%
OR
MHR F
20
TO
25%
61
71
60
%6
20
9
200
23
30
19
6
6
2
9.5
?no - 500
24
1 7
21
13
5
4
10.6
500 -
10
10
17
9
4
0
10.9-
4
14
3
8
5
3
13.7
0
1
1
2
2
1
18.2
2
6
0
3
1
0
2
7
2
3
2
2
UNDER
OVER
1000
1000
PR IMF
IN N E W
PRIME
OUTSIDE
YORK
NEW
3/
YO&K
3/
NONPRIMF
1/
INCLUDES
2/ T O T A L
CERTIFICATES
DEPOSITS
IN D E N O M I N A T I O N S OF
AS R E P O R T E D
IN THE C A L L
$100,COO
REPORT
OF
OR
MORF
ISSUED
C O N D I T I O N ON
BY W E E K L Y R E P O R T I N G
DECEMBER
31 f
9.5
13.5
BANKS.
1965.
3/ PR IMF B A N K S A P E THf>SF W H O S E N E G O T I A B L E C E R T I F I C A T E S OF D E P O S I T ARE R E G A R D E D AS B E I N G OF T H E H I G H E S T Q U A L I T Y AND
W H I C H ARE R E P O R T E D BY D E A L E R S TO T R A D E W I T H I N I OR 2 BASIS P O I N T S OF EACH OTHER W I T H I N THE S E C O N D A R Y M A R K E T .
NOTE-
D E P O S I T S IN THE D E N O M I N A T O R np THE R A T I O
I N T E R B A N K A M D IJ.S. G O V E R N M E N T D E P O S I T S .
IN T H I S
TABLE
APE
TOTAL
DEMAND
AND T I M E D E P O S I T S ,
INCLUDING
TABLE
CMT
CHANGE
5C
[\i n U T ^ T A N n i N G N F G ^ T T A P L F
?8 JUL
197 1 Tn
AUG
(NUMBF1 HF
TOTAL
uennsi.s
<IN M I L L I O N S HF
ALL
BANKS
rcnurcr
r. 0' s T 0
?/
DHLLARS)
"ZFRO
'
" ~ O R ~
*MORF
3
?0C -
500
0
500 -
1000
0
1
0
1
1000
IN NEW
YORK
PRIME O U T S I D E NEW
V
YORK
INCLUDES C E R T I F I C A T E S
11
0
3
/
0
0
NONPRIME
2/ TOTAL
/I
1971
RANKS)
F
•>* 0«
to
LESS
3
o
1/
CERT IF ICATE OF DEPOSIT
NO
INCREASES OF
—
5% OR
5 TO
_ C H A N G E _ __LESS_
10?
lot
ISSUED C D 1 S BUT
HP. HAD NONE OUTSTANO-
MORE
ISSUING
200
PRIME
n
10%
UNDER
OVER
7
DECLINES
TIMF
D E P O S I T S AS R E P O R T E D
IN THE CALL
6
7
22
8
17
2
19
12
9
9
19
6
9
2
7
8
17
4
5
0
13
3
10
0
1
0
0
3
0
3
1
?
0
0
6
1
2
0
4
0
IN D E N O M I N A T I O N S OF
17
1
t 1 0 0 , 0 0 0 OR
5
MORE
2
1
0
5
ISSUED BY WEEKLY R E P O R T I N G B A N K S .
REPORT OF C O N D I T I O N ON DECEMBER
31, 1965.
Jg^vzsv^r
"""TH,T
TABLE
PFR C F N T C H A N G E
IN O U T S T A N D I N G
26 MAY
NEGOTIABLE
1971
(IN
DEPOSITS
M I L L I O N S OF
/2
RFD'Jrrn
CD'S 25?
DOLL A O S )
TO
ILL B A N K S
CD' S
UNDER
200
ISSUING
200
- snn
500 OVER
1000
1000
PRIME
IN N E W
PRIME OUTSIDE
YORK
NEW
3/
YORK
3/
NONPRIME
1/
INCLUDES
OF
C E R T I F I C A T E OF D E P O S I T
MQOF
15
TO
20%
20
TO
2 5%
5
TO
1C%
10
TO
15%
/I
1971
BANKS)
D E C L I N E S OF
OR
ZERO
TIMF
TO 25 AUG
(NUMBER
TOTAL
5C
5%
NO
LESS
CHANGE
OK
I N C R E A S E OF
—
5
15
10
TO
TO
TO
20%
15%
10%
5%
OR
LFSS
— ~ —
25%
20
OR
TO
MORE
25%
ISSUED
CD'S BUT HAD
NONE
OUTSTANDING
O N BASE D A T E
29
6
31
26
26
19
15
44
5
8
8
0
4
8
8
8
4
16
4
8
5
9
4
14
10
6
6
3
9
1
3
0
2
6
2
5
4
5
3
4
13
0
0
0
1
0
5
0
8
4
7
2
4
6
0
0
0
0
0
0
1
0
1
0
1
1
I
2
0
0
e
0
0
I
C
4
c
2
0
3
0
2
0
0
0
0
0
0
0
0
0
0
5
4
3
1
1
4
0
C
10
4
13
15
1 5
0
4
2
6
6
0 -
3
2
4
0
3
0
0
n
0
CERTIFICATES
IN D E N O M I N A T I O N S OF
ISSUFD
C O N D I T I O N ON
BY W E E K L Y
DECEMBER
31,
REPORTING
BANKS.
3/
B A N K S AO F T H O S E WHOSE N E G O T I A B L E C E R T I F I C A T E S OF D E P O S I T ARE R E G A R D E D AS B E I N G OF THE H I G H E S T Q U A L I T Y AND
A R E R E P O R T E D BY D E A L E R S TO T R A D E W I T H I N 1 OR 2 BASIS P O I N T S O F E A C H O T H E R W I T H I N THE S E C O N D A R Y M A R K E T .
REPORT OF
MOPE
DEPOSITS
NOTE-
IN T H E CALL
OR
?/ T O T A L
PRIME
WHICH
AS R E P O R T E D
$100,000
1965.
THE N U M B E R OF B A N K S IN T H I S T A B L E D I F F E R S F R O M T H O S E IN M O S T OTHER T A B L E S TO THE E X T E N T T H A T B A N K S
H A D O U T S T A N D I N G C D ' S ON THE S U R V E Y THRFE M O N T H S PRIOR TO THE C U R R E N T S U R V E Y , R E D U C E D T H E I R
O U T S T A N D I N G S TO Z E R O .
THAT
TABLE
C HAN GE
IN O U T S T A N D I N G
OVE
P
THF
NEGOTIABLE
MONTH
AT
AS
THE
?8
I IN
ALL
DEPOSITS
MILLIONS
BANKS
CD'S
OF
JUL
1971
ISSUING
CF
TO
CERTIFICATES
OF
TOTAL
THE
OF
DEPOSIT
1/
DEPOSITS
PERIOD
?5 AUG
OF
1971
BANKS)
I N C R E A S E S OF
OF
1%
AND
LESS
1
TO
2%
2
TO
3%
3%
AND
OVER
DOLLARS)
CENT
BEGINNING
DECLINFS
2/
TI^F
A PEP
(NUMBEQ
TOTAL
5E
1%
AND
LESS
NO
CHANGE
3%
AND
OVER
2
TO
3%
I
TO
2%
?
4
1 2
65
18
102
26
16
8
UNDER
20C
1
0
3
24
7
37
7
3
2
200-
500
0
3
6
2C
9
27
11
6
1
5 00
1000
0
1
2
13
2
IB
. 3
4
2
1
0
1
8
C
20
0
3
3
0
0
1
0
0
3
0
2
1
1
0
0
2
0
a
0
1
0
0
0
0
6
0
9
0
0
2
-
OVER
1000
PR IMF
IN M E W
YORK
PRIME
OUTSIDE
3/
NFW
YORK
3/
NONPRIMF
1/
INCLUDES
2/
TOTAL
MHTF-
CERTIFICATES
DEPOSITS
DEPOSITS
INTERBANK
AS
REPORTED
IN T H F
AND
IN D E N O M I N A T I O N S
IN T H E
DENOMINATOR
U.S.
OF
GOVERNMENT
CALL
THE
OF
$100,000
REPORT
RATIO
IN
OF
OR
MORE
CONDITION
THIS
TABLE
ISSUED
ON
ARE
BY W E E K L Y
DECEMBER
TOTAL
31,
DEMAND
REPORTING
BANKS.
1965.
AND
TIME
DEPOSITS,
INCLUDING
DEPOSITS.
V
4
T A B L E 5F
CHANOF
OVER
IN O U T S T A N D I N G
NFGHTIABL F TI^C
C F R T I F ICATFS OF
THF L A S T
MONTHS
C E N T CF
THREF
AT THF
Z6
AS A PFR
BEGINNING
WAY
TO 2 5 AUG
1971
(NIJMBFR O F
TOTAL
(IN
ALL
DEPOSITS
MILLIONS
RANKS
CD'S
OF
?./
CF THF
TOTAL
HE P O S I T
1/
DEPOSITS
PERIOD
1971
RANKS I
D F C L I N E S OF
5?
AND
nvEo
DOLLARS)
4
TO
5%
I N C R E A S E S OF
?
3
TO
4%
ISSUING
1*
A W
LESS
i
TO
2%
ro
3%
NO
CHANGE
i%
AND
UNDER
1
Tn
2%
3
TO
4%
2
TO
3%
4
TO
5%
5%
AND
OVER
?
1
2
q
25
45
6
67
43
24
8
5
14
200
r
L
r
3
12
16
0
18
13
9
4
1
3
260
—500
i
0
0
5
ro
I4
4
25
I4r
6
I
0
3
soo
— moo
0
G
l
0
3
to
?
to
tt
6
2
*
2
tOQO
0
0
0
L
O
5
0
14
5
3
1
1
6
c
0
e
0
0
r
a
1
0
2
0
V
2
0
0
0
I
0
4
0
4
1
r
u
0
&
0
CL
0
a
0
0
c
9
V
a
0~
0
4
UHOER
OVER
PR1WF
IN NFW
YORK
PRIWF
O U T SIDE- NEW
3A
YORK
3/
NONPfrfttf
tt
T N C F U D E S CEFFTIF rCATF.S
?T
TOTAL
DEPOSITS
IN DENf"*! N A T I O N S OF
AS R E P O R T E R
ttOO,flfiO 0* MORE
ISSUED
BY W E E K L Y R E P O R F W G
IV T H E CTT.1 R E P O R T O F CPN17JTION O N D E C E M B E R
BANKS,
3-I> * 9 6 5»
3/ PR IMF B A N K S A" F T H H S F WHFTSF N E G O T I A B L E C E R T I F I C A T E S OF D E W S IT ARE R E G A R D E D A £ B F I N G OF T H E H I G H E S T Q U A T F T Y A N D
W H I T H APE R E P O O T F O ^ Y D E A L E R S TOR TRADE W I T H I N I OR 7 BLASTS- P O I N T S OF E A C H O T H E R W T T H I N T H E S E C O N D A R Y M A R K E D .
NOTE-
D E P O S I T S IN THF OENOMFTTATOR T F THF R A T I O IN T H I S T A B L E ARE T O T A L
INTERBANK AND U . S . G O V E R N M E N T D E P O S I T S ,
D E M A N D AND TI"TE D E P O S I T S ,
INCLUDING
TABLE
• M T U P ITY
111 STP I B U T I O N OF O U T S T A N D I N G NE GOT I ABLE T I M E C E R T I F I C A T E S OF
AT WEEKLY REPORTING BANKS
BY F E D E R A L R E S F R V E D I S T R I C T
AS OF
i AMOUNTS
CD1 S MATURING
IN
ALL
DISTP TCTS
BOSTON
1685.?
105.4
SEP
93 41. 7
OCT
25
CLEVELAND
687.5
56.5
81 . 4
440. 6
4192.9
269.1
5669. 1
406.0
2456.4
NOV
4317.3
297.0
DEC
3 100.6
197 2 JAN
NEW
YORK
AUG
DEPOSIT
1/
1°7I
IN M I L L I O N S OF
PHILADELPHIA
DOLLARS)
RICHATLANTA
MOND
CHI CAGO
ST.
LOUIS
MINNEAPOLIS
KANSAS
CITY
DALLAS
SAN
FRANCISCO
36.3
46.8
228.1
17.5
15.4
37.1
147.4
225.8
410.2
256.6
30 8 . 3
1139.4
147.3
73.7
224.2
586. 8
12 9 2 . 6
174.9
280.0
143.2
156.6
734.5
91.8
58.4
125.4
301.0
740.9
1973.8
134.0
152.8
69.9
166.8
533.7
69.4
39.8
82.9
20 8.7
588.5
171.4
1550.0
119.8
117.4
75.9
116.9
305.3
66.4
48.7
47.6
13 3.6
3 4 6 .1
2095.9
55. 3
675.6
103.7
117.1
91.3
72.7
289.5
40.0
31 .9
58.0
16 8.3
392.5
FEB
1134.6
23.7
366 . 8
95.6
45.8
21 .1
45.7
162.4
16.4
27.6
31.0
11 3.1
183.4
MAP
1125.0
21.2
528.1
50.4
65.4
12.6
32.6
161.4
26.7
8.0
22.4
59.7
136.5
APR
761 .0
13.6
282.6
30.0
88.1
17.4
24.3
92.6
3.8
5.2
20.3
40.6
142.6
MAY
425.1
15. 5
126.4
18.8
53.0
13.0
20. 5
56.8
4.9
5.2
10.2
2 7.3
73.7
J UN
45 3 . 4
14. 3
115.6
49. 1
46.4
22.3
22.6
60.4
4.3
6.3
20.0
15.3
75,8
JUL
400,9
17.0
80.6
17.8
37.1
20.9
21.7
50.3
6.8
2.8
12.7
46.0
87.2
AUG
494. 8
3.9
256.8
36.6
20. 1
8.7
21.1
43.1
3.7
0.9
14.2
17.6
68.1
583.4
55.5
128.0
31. 1
149.4
15.9
25.5
33.7
6.2
3.4
7.2
13.8
113.7
3 1 5 57.0
164C.4
13421.1
1187.4
1664.2
805.1
1082.1
3891.2
505.2
327.3
713.2
AVERAGE MATURITY
IN M O N T H S 2/
3.0
2.6
2.7
3.8
4. 1
3.1
3.2
2.8
2.8
3. 1
3.0
2. 9
3.2
NUMBER
BANKS
256
43
10
19
16
?4
35
11
5
19
25
31
1971
AUG
26-AUG
S E P nR
TOTAL
31
LATER
*
Of
REPORTING
1/
INCLUDES ONLY
CERTIFICATES
2/
SFF
APPENDIX
*
6A
TECHNICAL
DETAILS
MAY NOT
ADD
TO
ISSUED
18
IN D E N O M I N A T I O N S OF
$100,000
OR
MORE
BY
WEEKLY
REPORTING
187 9. 2
4467.4
BANKS.
Ft.
T O T A L S DUE
TO R O U N D I N G .
F
TABLE
1/
S A L E S OF N E G O T I A B L E
?/
TIME C E R T I F I C A T E S HF O E P n g l T S I N C E
W E E K L Y R E P O R T I N G RANKS
BY FEOERAl R E S E R V E D I S T R I C T
AS
(AMOUNTS
CD'S
1971
1972
AUG
1971
IN M I L L I O N S OF 0 0! L A R S )
KANSAS
CITY
DALLAS
SAN
FRANCISCO
444.8
44.0
24.8
63.3
217.0
459.8
36.4
166.1
25.2
22.0
34.0
89. 3
165.7
29.8
72.8
274.3
28.5
13.0
38. 1
77. 3
279.9
18.9
9.6
33.4
68.4
12.2
17.7
6.7
12.3
31.3
24.9
9.7
4.3
4.2
35.9
7.3
6.7
14.1
19. 3
125.9
92.7
74.7
2 2.1
11.2
24.5
67.8
9.3
8*9
17.2
41.6
95.8
5.0
28.5
21.6
3.6
1.6
4.7
15.5
2.6
0.2
11. 1
1. 4
12.4
61.8
2.4
24.0
9.5
2.1
2.5
2.1
5.5
0.2
0.0
1.9
1.9
10.7
MAY
106.5
1.1
55.0
0.3
4.5
4.6
5.7
20.5
• 0.3
0.4
1.4
4.5
8.3
JUN
30.4
2.?
10.1
2.3
1.0
a.o
1. 3
9.6
0. 1
1.1
1.2
0.0
1.5
JUL
81.0
1.2
35.3
7.5
1.3
2.0
5.8
5.5
0.8
0.1
1.9
1.9
17.7
549.7
5.3
2 99. 1
40.7
17.1
8.2
19.6
48.8
6.5
1 .0
12.5
15.7
75.2
9874.3
495.0
4732.1
426.7
308.2
181.3
314.7
1162.7
137.0
96.8
203.4
482. 2
1284.2
2.Q
2.2
?.9
4.1
2.7
2.6
3.2
2.7
2.8
2.7
3.3
2.3
3.0
RHSION
SEP
3259.3
171.3
OCT
If57.7
NOV
PHILADELPHIA
CLEVELAND
R ICH-
1422.8
97.7
124.7
84.9
104.2
89.0
684.4
69. 1
53.9
22.6
2319.4
147.?
124Q.1
58*2
4*.3
DEC
933.9
45.6
656.6
21.2
JAN
439.2
12.4
174.5
FEB
478. 1
12.3
MAR
108.2
APR
LATER
*
TECHNICAL
2/
INCLUDES
3/
SEE T E C H N I C A L
*
25
MINNEAPOLIS
IN
AVERAGE MATURITY
IN M O N T H S 3/
1/ SEE
OF
PREVIOUS MONTH
ST.
LOUIS
At. 1
DISTRICTS
MATURING
AUG OR
TOTAL
6B
DETAILS
APPENDIX
"AY N O T
ATLANTA
CHICAGO
A.
ONLY CERTIFICATES
APPENDIX
NEW
YORK
ISSUED
IN D E N O M I N A T I O N S OF
8.
4 0 0 TO T O T A L S DUE
TO R O U N D I N G .
$ 1 0 0 , 0 0 0 OR
MORE
BY W E E K L Y
REPORTING
BANKS.
T A « L E FIC
4 T.)3
JTY
r 1ST'' I B U T ! O N
'IF O U T S T A N D I N G N F G O T I A B L E T I M E
AT W E E K L Y R E P O R T I N G B A N K S
BY F; :)F > M
PESEPVE DISTRICT
AS
Qr
?5
(PERCENTAGE
CD'S
1QT1
1972
" A T U RIN &
AUG
6. 4
5.3
26- AUG
PHI I A -
NEW
OFPOSIT
1/
I'm
DISTRIBUTION!
CLFVELANO
RICHVIONO
5.1
4.8
4.9
4.5
ATLANTA
CHICAGO
ST.
LOUIS
MINNEAPOLIS
KANSAS
CITY
DALLAS
FRANCISCO
31.2
22.7
24.6
31.9
28.5
29.3
29.2
31.4
28.8
?6.9
31.4
29.6
22.5
SFP
18.3
14.7
16.8
17.P
14.5
18.9
17.8
17.6
16.6
24.8
16.0
18.0
18.2
OCT
14.7
11.3
9.2
8.7
15.4
13.7
12.2
11.6
13.2
18.1
11.0
13.7
13.7
NOV
11.5
1C. 1
7. 1
9.4
10.8
13.1
14.9
6.7
7.8
10.4
7. 1
9.9
7.8
DEC
8.7
7.0
11.3
6.7
7.4
9.7
8.1
8.8
3.4
5.C
8.9
6.6
7.9
JAN
2.7
8 . 1
2.8
2.6
4.2
4.2
8.4
4.3
4.1
1.4
6. 0
3.6
3.2
FEB
3.9
4.2
3.9
1.6
3.0
4.1
2.4
3. 1
3.1
1.3
3. 2
3.6
5.3
VAR
2.5
5.3
2.2
2.2
2.4
1.6
2.9
3.2
0.^
2.1
2.2
2.4
0.8
APR
0.9
1. 6
3.2
1 .6
1.9
1.5
1.6
1.5
1.7
C.9
1.4
1. 3
1.0
MAY
0.9
4.1
2.8
2.8
2.1
1.6
1.9
0.8
1.7
0.9
2.8
1 .4
0.9
JUN
0.6
1.5
2.2
2.6
2.0
1.3
0.9
2.5
2.0
1. 0
1.8
1.3
1.3
J UL
1.9
3.1
1.2
1. 1
1.9
1. 1
0.3
0.9
1.5
c.?
2.0
1.6
0.7
AUG
1.0
2.6
9.0
2.0
2.4
0.9
1 .2
1 .0
0.7
2.5
3.4
1.0
1.8
100.0
10C.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
OR
BY W F F K L Y
SFP
1/
ALL
OIS-
IN
AUG
C E R T I F I C A T E S OF
00 1 A T F R
INCLUDES
ONLY
CERTIFICATES
ISSUED
IN
DENOMINATIONS
OF
MOO,COO
MORE
REPORTING
BANKS.
TABLE
V^TMPITV
N I STP I RUT ION HP
O U T S T A N D I N G N E G G T I A R L F T IMF
AT W E E K L Y R F P H P T I N G B A N K S
BY F E O F R A L P F S F P V E H L S T O F C T
AS OF
25
(CUYULATIVF
CD'S
*-MTURIN G
1 P71 AUG
197?
2 6 - AUG
ALL
DISTRICTS
31
UNC JF^:
NR W
YORK
6.4
5.3
PHILADELPH I A
AUG
CERTIFICATES
OF
DFPOS I T
1/
1971
PERCENTAGE)
C L F \T (—
L A"'D
KICHVONO
4 . -)
4.5
4. 3
ATLANTA
ST.
LOUTS
MINNFA^OLIS
KANSAS
CITY
DALLAS
5.9
3.5
4.7
5.2
7» 9
CHICAGO
SAN
FRANCISCO
5 . 1
5.1
4.8
36.3
27.5
20.5
36.4
32.8
35.2
32.7
27.2
36.6
39.3
33.9
S FP
'4.Q
OCT
5^.9
51.1
54.6
42.2
46.3
54.?
47.3
54.1
50.9
45.0
54.2
55.3
50.5
NOV
6 6.6
76.2
49.3
53.5
55.5
62.9
62.7
67.3
6 4.6
57.2
65.8
66.3
63.7
DEC
76.4
86.6
BO. 8
63.6
62.6
72.3
7 3.5
75.6
77.7
72.1
72.5
73.4
71.5
JAN
%3.0
90.0
45.9
72.3
6^.6
8^.6
80.2
83.0
85.6
81.8
80.6
82.3
80.3
FEB
86.6
91.4
33.5
80.4
72.4
86.2
84.4
37.2
88.8
90.2
84.9
88. 3
84.4
VI AR
90.2
9?.r
Q?.4
84.6
76.3
87.8
37.4
91.3
94. 1
92.6
88.0
91.5
87.5
APR
92.6
93.5
Q
4. 5
87.1
81.6
90.0
%9.6
93.7
94.9
94.2
90.8
93. 7
90.7
MAY
93.9
94.4
95.4
88.7
84.8
91.6
91.5
95.2
95.9
95.8
92.2
95. 2
92.4
J UN
95.3
95.3
96. 3
92.9
87.6
94.4
93.6
96.8
96.8
97.7
95.0
96. 0
94.1
JUL
96.6
96.3
96.O
94.3
89.8
97.0
9 5.6
98.1
98. 1
98.6
96.8
98. 5
96. 1
AUG
98.2
99.8
97.4
91.0
99.1
97.5
99.2
98.8
98.9
98.8
99.4
97.6
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
OP
BY W E E K L Y
SEP
1/
IN
60
OR
INCLUDES
I ATER
ONLY
10C.0
CERTIFICATES
100.1
ISSUED
IN D E N O M I N A T I O N S
OF
*100,000
MPOR
REPORTING
BANKS.
TAUi_r
1/
,' F
2/
C F ^ T I ^ I C \"!-S "*= D F ^ I S I T SINCE P R E V I O U S
TI^F
^LF<! Y
BY
kr^;?T[NG
F;:HF;AL
AS
r Sf-VC
^F
? - AUG
(PERCENTAGE
AM
ni s-
IN
NF :
YOrK
STL Y\'TA
35 , 8
11*6
14.3
18,4
2 2.7
16,7
18.5
12.9
2^.1
23.6
20.9
14.4
18.7
16.0
21.8
1 0. o
5.9
8.9
18.3
3.3
2.6
2.4
? .4
1 . 3
3.1
5.3
6.9
6.9
4. 0
9.8
7. ?
6.2
7.A
5. A
6. 8
9.2
8.5
8.6
7.5
5. 1
1. >
0.9
1.5
1.3
1 ,9
0 .?
5.5
0. 3
1.0
0.5
2.0
0. 7
1.4
0 .7
0.5
0. 1
0.0
0.9
0.4
0.8
1. 2
0 . 1
1.
2.5
1. 0
1.8
0.2
0.4
0.7
0.9
0.6
0.2
0.5
0 .3
0.0
G.4
0.8
0.1
1. 1
0.6
0. 0
0.1
0. 7
1. 8
0.4
1. 1
1 . «
0.5
0.6
0 . 1
0.9
0.4
1.4
6.3
9.5
5.5
4 . 5
6.2
4.2
4.7
1 .0
6. 1
3.3
5.9
1^0.0
ion .0
100.0
100.0
100.0
100.0
i
i
i
16."^
17.
12.5
2 4.4
13,6
16.
16.4
;, 2
13.9
5 .0
6. i
5.3
4 .%
2. s
1. 7
5 . '
3.1
FFR
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TECHNICAL
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NOTE - SALES
DETAILS
1.1
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APPENDIX
IN T H I S
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TECHNICAL APPENDIX A
DERIVATION OF GROSS SALES OF CERTIFICATES OF DEPOSIT
Sales of CD's between survey dates are derived in the following
manner;
Outstanding CD s maturing in each month of the previous survey are
subtracted from maturities in the same month of the current survey.
Those
CD's maturing in the remaining portion of the month in which the current
survey is taken are ignored.
Those CD's maturing after the last individual
month shown in the current survey (i.e. CD's with the longest maturity) are
added to those CD's maturing in the last individual month shown on that
survey in order to derive an outstanding
quantity for a time period com-
parsblc to the longest maturity CD's shown on the previous survey.
The procedure used produces gross sales of CD's between survey
dates maturing in each of the eleven full months after the currect survey,
and combines sales of CD's maturing in twelve or more months.
are also lost by the method described above.
Some sales
Sales of CD's between the
survey dates that mature in the remaining days of the calendar month of the
current survey are ignored.
However, since the minimum maturity for time
deposits under current regulation's is 30 days, the time period between
monthly survey dates (28 to 34 days) suggests that very few sales are lost
from the series as derived in this manner.
Total derived sales will differ from the change in total outstandings between survey dates by (1) the amount of CD's that have matured
between surveys and (2) the amount, if any, of sales between survey dates
that mature in the remaining days of the calendar month in which the current
survey is taken.
TECHNICAL NOTE B
CALCULATION OF AVERAGE MATURITIES OF NEGOTIABLE TIME CERTIFICATES OF DEPOSIT
OUTSTANDINGS
Average maturities of outstanding negotiable time certificates of
deposit are calculated on a weighted .average basis.
All CD's are assumed to
mature in the middle of the month and those CD's maturing in the survey
month—after the survey d a t e — a r e assumed to mature in the middle of the
period between the .survey date and the 6nd of the calendar month in which
the survey is taken.
The weights are the quantity of CD's maturing in each
month or fraction thereof as a proportion of total CD's outstanding and the
starting date for calculations is the survey date.
A downward bias in the calculated average maturity develops from
the fact that all CD's maturing in more than twelve months after the survey
date are lumped together,
All of these CD's are assumed to mature in the
middle of the twelfth full month after the survey date, regardless of the
actual, but unknown, maturity of the CD's maturing in more than twelve full
months.
SALES
Average maturity of negotiable time certificates of deposit sold
between survey dates are calculated in exactly the same way.
That is, they
are weighted averages calculated from the survey date with the assumption made
that all CD's mature in the middle of the month.
Any CD's sold between
survey dates and maturing in the period between the current survey date and
the end of the calendar month in which the current survey was taken (a
maximum of 6 days) are ignored.
Technical Note B (continued)
This procedure assumes all CD's sold between survey dates were
issued on the most recent survey date. While it appears more logical to
assume that all CD's were sold at the mid-point between the two surveys,
such an assumption would tend to reduce compatibility between average
maturities of outstandings and of sales as a result of using two different
starting dates for the calculations.
If the assumption is made that all CD's
are sold at the mid-point between surveys, the average maturity of sales would
be lengthened relative to the average maturity of outstandings, by, in effect,
using an earlier starting date for sales than for outstandings.
Sales of CD's maturing in a particular month are often a large
and highly variable proportion of total sales while changes in outstandings
due in any particular month are a small and rather stable proportion of the
level of total outstandings.
As a result, the average maturity of sales is
much more sensitive to month-to-month variation in the maturity structure of
sales than is the case with the outstandings series. Thus, large changes in
the calculated average maturity of sales* or situations in which the average
maturity of sales differ sharply from the average maturity of outstandings,
should be interpreted with care and references should be made to actual dollar
sales bv month.
Formulas for calculation of ayerage maturities are available on
request from the Banking Section, Division of Research and Statistics, Board
of Governors of the Federal Reserve System.
@FedFRASER